Quote from: Storm_Guardian_N7 on May 23, 2017, 04:00:05 PM

Quote from: Landical on May 23, 2017, 03:37:26 PM

Quote from: Storm_Guardian_N7 on May 23, 2017, 11:27:24 AM

Quote from: stormia on May 23, 2017, 07:11:40 AM

Quote from: Storm_Guardian_N7 on May 23, 2017, 03:29:59 AM

Not sure if anyone has seen this; but

https://www.reddit.com/r/EXSCUDO/comments/6cawn3/warning_us_citizens_cant_redeem_their_eon_coins/

Exscudo is focused on compliance in the EU; https://exscudo.com/Crowdsale%20Prospectus.pdf

--U.S. citizen Laws
(ii) Each person shall only participate in the Campaign (a
Purchaser) through the personal web account, registered on the
("my.exscudo.com"). If a Purchaser is a citizen, tax resident or
green card holder of the United States of America (US
Purchaser), he/she shall not participate in the Campaign except
through such ways as separately designated by the Exscudo OU
for US Purchasers participation.

--KYC laws
(v) The Exscudo OU shall be entitled to take any action to identify
any Purchaser at any time, even after the close of the Payment
Window (as defined in Section 7 below). If the Exscudo OU
conducts know your customer exercises or any other kind of
customer due diligence to verify the identities of all or part of the
Purchasers, the Purchasers concerned shall timely provide all such
information and meet all such requests as may be sought or
instructed by the Exscudo OU for that purpose.

--AML laws (note that this includes tax evasion/not reporting btc income on taxes)
If the Exscudo OU discovers the purchase of EON by any
Purchaser violating any anti-money laundering, counter-terrorism
financing or other regulatory requirements, such purchase shall be
invalid with retroactive effect and the Exscudo OU shall be entitled
to immediately deny the relevant persons admissibility to the
Campaign, reject delivery of any EON and request return of any
delivered EON, irrespective of any payment that could have been
made by that Purchaser

--Is it open source?
No, it's closed source. It has decentralized features but is centralized; with centralized governance and decision making.

--More INFO
(a) All the information submitted by him/her to the Exscudo OU is
true, complete, valid and non-misleading;
(b) He/she is not a citizen, tax resident or green card holder of the
United States of America unless he/she participates in the
Campaign through ways as specifically designated by the Exscudo
OU for US Purchasers participation;
(c) He/she is of sufficient age to participate in the Campaign and
is a natural person with full civil capacity of conduct under the
laws of the jurisdiction where he/she is domiciled or maintains
citizenship;
(d) He/she is aseasoned investor, expert, technician and/or
professional in the fields of blockchain, distributed ledger
technology and crypto-tokens, cryptocurrency and financial
market and is fully aware of the risks associated with the
development and use of the Exscudo Ecosystem;
(e) His/her participation in the Campaign is voluntary and based
on his/her own independent judgment without being coerced,
solicited or misled by anyone else;
(f) He/she is permitted by the laws of each jurisdiction to
participate in the Campaign and is legally permitted to acquire,
receive and hold crypto-tokens;

Huh so does this mean US citizens can't even participate in the sig campaign either?

I would assume this means US citizens can't even participate in the SIG campaign; it's VERY very deceptive of this campaign; they have reframed words by focusing on being compliant; following US and international laws on this, this raised a reg flag. They have not been clear about this upfront; the only way to find out US citizens can't participate isn't via their FAQs but by reading 1 document out of the several they have listed up there; they aren't clear about their KYC policies. They just say they reserve the right to do X when they decide. This means without asking them directly if they will require all people who participate in the campaign to redeem or take their EONs out to verify their identity; so your tokens may or may not be trapped on their exchange until it becomes available for US citizens; who can know without them clarifying. I can't get into the slack channel to ask directly. Just curious how many US citizens have already participated in this campaign without realizing they may not be able to redeem their tokens because they will have broken one of the rules by doing so. Exscudo has not made any attempt to target U.S. citizens to offer them a way to participate; this is for EU members only, I really hope people speak very loudly about this to get answers from the team for U.S. citizens who have already invested without reading that little piece of fine print...

Wow, I didn't see this until after I bought in. So I'm a US citizen whose invested right, once everything launches my coins are probably going to be trapped in the exchange and I won't be able to get them out? Damn.

It's sucks I agree. I really think more people need to be vocal about this since Excscudo has multiple documents and put that in fine print of one of them. They weren't clear about it on the "Buy now" page and aren't replying to their email or updating anything to make clearer on the front-page about this 'piece of fine print'. You can try to contact excscudo by their email to ask if you can get a refund or what to do; but my bet is that you'll just be trapped on their exchange, esp. since it's a closed-exchanged. I'm glad I know now I was willing to invest 2k - 6k but once I began doing some digging I realized EON isn't for me. More people need to know about this since I'm guessing not everyone on this board buying in is an E.U citizen....has to be a lot of U.S. citizens who are getting fucked royally right now.

Yeah, I mean I wasn't going to invest that much, I've only put in 5 bucks and I was going to put in more until I heard about this. I sent them an email, I'll update if I get a response from them. I agree they could've been more vocal about this. Like when I was going to invest in Adel, you had to create an account to invest and they didn't have a United States option when picking the country that you live in. Which made me do a ctrl+f on Adel's whitepaper where I found that US citizens couldn't participate. Even if Exscudo had did something like that I would've been fine with it.

Landical

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